Brazil: CCC makes large profits

Brazil: CCC makes large profits
Published: 18 May 2005

The Brazilian cement maker Camargo Correa Cimentos (CCC)  has registered a net profit of R$62.7m in the Q1 2005, a boom of 328.47 per cent over the R$15.2m recorded in same period in 2004. The company’s net income amounted to R$131.7m in the period, an amount 10.28 per cent down the R$146.8m registered in the Q1 2004. Producer of Caue brand, Camargo Correa Cimentos claimed a gross earning of R$190.5m, a downturn of 8.63 per cent over the R$208.5mil registered in the Q1 2004. Owner of 8.5 per cent share in the Portland cement market and of 75 per cent of the white cement in Brazil CCC has industrial sites in the cities of Apiai (Sao Paulo), Bodoquena (Mato Grosso do Sul), Pedro Leopoldo, Santana do Paraío and Ijaci (Minas Gerais).